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Would you Want to Buy it? (JJ 674)

Mar 8
·
19 minutes

Would you Want to Buy it? (JJ 674)
Transcript:
Jack Butala: Jack and Jill here.
Jill DeWit: Hi.
Jack Butala: Welcome to the Jack Jill Show, entertaining real estate investment talk. I’m Jack Butala.
Jill DeWit: And I am Jill DeWit. Broadcasting from sunny southern California.
Jack Butala: Today, Jill and I talk about, “Would you want to buy it?”
Jill DeWit: (laughs)
Jack Butala: (laughs) ‘Cause if you- (laughs)
Jill DeWit: (laughs) Sounds like, “Are you my mother?” (laughs)
Jack Butala: (laughs) Would you kiss that girl?
Jill DeWit: Oh. Right.
Jack Butala: Would you drive that car?
Jill DeWit: Right.
Jack Butala: I’m telling you, if you buy a piece of real estate, and you’re like, “I’m just buying it to resell at the end.” I wouldn’t buy that.
Jill DeWit: This is fun. We can talk about every single property type-
Jack Butala: Furniture, everything.
Jill DeWit: And give a good example and a bad example, and everybody’s going to go, “Duh.” And you know what the reality is? People don’t get it.
Jack Butala: It sounds like a lot of fun, actually.
Jill DeWit: It sounds so [inaudible 00:00:44]
Jack Butala: Before we listen to Jill rant, let’s take a question posted by one of the members on the JackJill.com online community, it’s free.
Jill DeWit: Okay. Joshua-
Jack Butala: I know, I have some rant in me.
Jill DeWit: Oh, I got some stuff. Joshua asked, “Hey guys, so I was getting ready to send out an option agreement to my seller, but I went ahead and started marketing it already on Craigslist. I have a buyer who would like to buy on terms, so I call my seller and offered the same option we discussed, or I went ahead and offered a discounted cash offer. She’s talking to her two children because they are the ones who will be receiving the money. I haven’t done the deal yet, but I learned about